![]() But the company also has tons of aging pipe that has been sitting out in the elements for as long as six years, writes Mike Soraghan. The developer of the Mountain Valley pipeline now has a clear path to finishing the project. In Texas, a surge in solar power generation is helping the state’s primary grid operator navigate an ongoing and stifling heat wave, writes Benjamin Storrow.ĭespite the sun-powered boost, analysts say the state’s electric grid remains unprepared for a warming climate in which intense heat waves will become more frequent and severe. ![]() ![]() James Hand wipes sweat from his face while overseeing a parking lot asphalt resurfacing job last week in Richardson, Texas. Today in POLITICO Energy’s podcast: Gloria Gonzalez breaks down the process of climate gentrification, what’s driving this trend and how activists and local politicians are fighting back. Power Switch is brought to you by the journalists behind E&E News and POLITICO Energy. It’s Monday - thank you for tuning in to POLITICO’s Power Switch. To match that kind of efficiency, the manager said, “VW would have to lay off half of its staff.” “ are leveraging their specific product know-how over incumbent European brands that employ a lot of people to make engines,” one automotive manager told David and Joshua. Cars are Europe’s largest industry and biggest employer, accounting for 10 percent of manufacturing activity.Ĭhina’s advantages, including its huge domestic market and mastery of battery cell technology, will be hard to overcome. In contrast, the European Union’s comparative openness is stirring fears about how a flood of inexpensive imports from China would affect the bloc’s economy, as well as a rift between France and Germany on whether to explore potential tariffs against Chinese-made EVs. tariffs have made the country almost three times more expensive for China-built vehicles than the EU market. The Chinese carmaker Geely, for example, owns the Swedish automobile manufacturer Volvo and its luxury EV affiliate Polestar, which is building a factory in South Carolina. ![]() BYD, a Chinese maker of both clean cars and the battery cells that power them, sold nearly 2 million cars in 2022, far more than the 1.3 million that Tesla reported.Ĭhinese companies are gaining ground even in the U.S., despite Washington’s trade barriers - though not under their own brand names. Or, as Ford CEO Jim Farley put it at a recent finance summit, “The Chinese are going to be the powerhouse.”Īs of last year, 5.4 million electric vehicles - two-thirds of the world total - were registered in China. On both sides of the Atlantic, the threat of China cornering yet another global market is at the center of policy debates about trade, jobs and the climate fight.Ĭhina has become a true rival for Western auto giants, with the manufacturing capacity to lock up market share for electric cars around the world. is trying to keep China out of its emerging EV market, while Europe has created a welcoming environment for Chinese carmakers with lower tariffs and subsidies for battery-powered imports. The push to phase out gasoline-powered cars and trucks in the United States and Europe has created an opening for China - and Western countries are deeply divided on how to respond, write David Ferris and Joshua Posaner.
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